Addressing SOEs, the private sector, and innovation 19:47 | 13/04/2021
The government has a plan to invest nearly $1 billion in seven state-owned enterprises (SOEs), with the purpose to âpave the wayâ to develop technology, connect with the private sector, and form âinnovation chainsâ in order to accelerate development.
By Sesto E Vecchi - Partner, Russin & Vecchi
There are three telecoms companies (Viettel, VNPT, and MobiFone); two in renewable energy (Vietnam Electricity and PetroVietnam); one involved in seaports and logistics (Saigon Newport), and one in banking (Vietcombank). Investment in these companies is expected to have a positive spillover effect into the economy. We do not know the rationale behind the choice of these particular sectors, and it has not yet been explained how the companies will create innovation chains.